123 Apartments for rent in Belmont, CA
📍Average Rent in Belmont
Having trouble with Craigslist Belmont? Can't find that special apartment for rent on Apartment Finder or Zillow? Apartment List is here to help!
Looking to land a cheap apartment for rent in Belmont? Obviously, the higher the price tag, the more luxurious the amenities tend to be (vaulted ceilings, panoramic views, granite countertops, Olympic sized pools, etc). Just don’t hesitate too long to submit a leasing app once you’re sure you’ve found your dream apartment, as rentals in Belmont aren’t usually available for long before someone swoops them up.
Luckily, apartment specials do pop up frequently in Belmont, so be sure to keep checking the listings for new deals. Also, most property managers do perform basic background/credit checks on prospective tenants, you’ll need a cosigner with good credit to help you seal the deal for your fancy new Belmont, California apartment.
Fortunately, Belmont has a lot more going for it than sweet apartment deals. Want to get out and have some fun in the sun? Plan a daytime trip to the famous, Half Moon Bay State Beach or one of the city’s many scenic nautical parks. Other popular attractions include the equally famous Aquarium of the Bay and the Hiller Aviation Museum. Plus, with San Jose, San Francisco, Napa, and Berkeley all just a stone’s throw away (assuming one can throw a stone several miles, of course), it’s safe to you’ll never run out of things to do while living the good life in Belmont.
Factor in a variety of neighborhoods and tons of unbeatable apartment deals, and we get the feeling you’ll soon be loving life in Belmont. So what are you waiting for? Start clicking away for the perfect Belmont, California apartment for rent, and happy hunting!
August 2019 Belmont Rent Report
Welcome to the August 2019 Belmont Rent Report. Belmont rents declined over the past month. In this report, we'll evaluate trends in the Belmont rental market, including comparisons to cities throughout the metro, state, and nation.
August 2019 Belmont Rent Report
Welcome to the August 2019 Belmont Rent Report. Belmont rents declined over the past month. In this report, we'll evaluate trends in the Belmont rental market, including comparisons to cities throughout the metro, state, and nation.
Belmont rents decline sharply over the past month
Belmont rents have declined 0.7% over the past month, but have remained steady at 0.1% in comparison to the same time last year. Currently, median rents in Belmont stand at $2,824 for a one-bedroom apartment and $3,548 for a two-bedroom. Belmont's year-over-year rent growth lags the state average of 1.1%, as well as the national average of 1.6%.
Rents rising across the San Francisco Metro
While rents have remained steady in the city of Belmont throughout the past year, cities across the metro have seen a different trend. Rents have risen in 8 of of the largest 10 cities in the San Francisco metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.
- San Mateo has the most expensive rents in the San Francisco metro, with a two-bedroom median of $4,488; the city has also seen rent growth of 1.9% over the past year, the fastest in the metro.
- Over the past month, Daly City has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $3,354, while one-bedrooms go for $2,670.
- Oakland has the least expensive rents in the San Francisco metro, with a two-bedroom median of $2,236; rents increased 1.1% over the past month but fell 0.3% over the past year.
Many large cities nationwide show more affordable rents compared to Belmont
Rent growth in Belmont has been relatively stable over the past year - some other large cities have seen more substantial increases. Compared to most large cities across the country, Belmont is less affordable for renters.
- Other cities across the state have seen rents slightly increase, with California as a whole logging rent growth of 1.1% over the past year. For example, rents have grown by 1.5% in San Jose, 0.5% in Los Angeles, and 0.5% in San Diego.
- Belmont's median two-bedroom rent of $3,548 is above the national average of $1,191. Nationwide, rents have grown by 1.6% over the past year compared to the stagnant growth in Belmont.
- While rents in Belmont remained moderately stable this year, similar cities saw increases, including Phoenix (+3.7%), Austin (+3.3%), and Dallas (+2.1%); note that median 2BR rents in these cities go for $1,085, $1,460, and $1,134 respectively.
- Renters will generally find more expensive prices in Belmont than most large cities. For example, Phoenix has a median 2BR rent of $1,085, where Belmont is more than three times that price.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.